Can Variable Annuities Lose Money?

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    David RacichPRO
    Fountain Hills, Arizona
    A non-qualified variable annuity is an insurance policy and a security product with separate sub accounts with access to market equity and bond investments that can lose money in bad economic conditions. In addition, the guaranteed account that credits a current interest rate may not be enough overcome the variable annuity policy expense loads, so even the guaranteed account minus the policy expense could end up in a loss. Product suitability needs to be established by performing a personal financial profile that includes a risk tolerance assessment and financial planning goals. 
     
    Answered on June 23, 2013
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